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PPP Loan Data — Organ Procurement Agency Of Michigan, Ann Arbor, MI

SBA PPP loan data, payroll data, and salaries for Organ Procurement Agency Of Michigan
MI Nonprofit Organization

Organ Procurement Agency Of Michigan

Entity: Non-profit Organization

Industry: Blood and Organ Banks

Location: Ann Arbor, MI

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Organ Procurement Agency Of Michigan is a non-profit organization located at 3861 Research Park Dr in Ann Arbor, Michigan that received a Coronavirus-related PPP loan from the SBA of $4,268,400.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.27M

Jobs Retained:

235

Loan Approved:

2020-04-13

Lender:

OLD NATIONAL BANK

Organ Procurement Agency Of Michigan received a Paycheck Protection Loan of $4.27M through OLD NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Organ Procurement Agency Of Michigan's total 2019 payroll expenses were approximately $20.49M in order to qualify for the PPP loan amount received.

Based on their reported 235 jobs retained, this equals an estimated average yearly compensation of $87,184 per employee1.

Because the loan received by Organ Procurement Agency Of Michigan is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Organ Procurement Agency Of Michigan in Ann Arbor, MI

Organ Procurement Agency Of Michigan
3861 Research Park Dr
Ann Arbor, MI 48108

Business Industry

Blood and Organ Banks (NAICS code 621991)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MI-12

Similar Companies near Ann Arbor

In the Ann Arbor area, 2 businesses in the "Blood and Organ Banks" industry received a PPP loan. These local businesses reported an average of 193 employees (compared to this company's 235) and received an average PPP loan of $3,257,500 (compared to this company's $4.27M).

Similar Nearby Businesses Who Received PPP Funding:

Eversight
Ann Arbor, MI

$2.25M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 627 businesses in the "Blood and Organ Banks" industry received a total of $196,601,905.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 25 employees, 89% lower than Organ Procurement Agency Of Michigan's reported 235 employees, and received an average PPP loan of $313,560, 93% lower than this company's loan of $4.27M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/organ-procurement-agency-of-michigan-ann-arbor-mi